Step 1: Define Gram Panchayat.
A Gram Panchayat is the basic unit of local self-government in rural India, functioning under the Panchayati Raj system as per the 73rd Constitutional Amendment (1992).
Step 2: Roles and functions.
\begin{itemize}
\item Local governance: Ensures democratic decision-making at the village level.
\item Rural development: Implements government schemes related to health, education, sanitation, and employment.
\item Dispute resolution: Resolves minor conflicts within the village through consensus.
\item Public welfare: Provides basic facilities such as water supply, street lighting, and road maintenance.
\item Participatory democracy: Encourages active participation of villagers through Gram Sabhas.
\end{itemize}
Step 3: Conclusion.
Thus, Gram Panchayats are the foundation of grassroots democracy and rural development in India.
Final Answer: \[ \boxed{\text{Gram Panchayat = local self-government ensuring rural development and participation}} \]
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